On April 22, Wyloo Canada purchased 96.3 million common shares of Noront, converting the company into a ‘cornerstone investor’ at 25% of Norton’s shares, and with plans to purchase another 1.8 million. Wyloo Canada is a subsidiary of Australian Wyloo Metals, which is a part of Tattarang, an Australian private investment group.
According to Alan Courts, CEO of Norton, “‘Wyloo makes long-term strategic investments in companies that mine responsibly, and that’s a philosophy that aligns very well with the approach Noront is taking as we develop the Ring of Fire in an environmentally responsible manner in collaboration with our First Nation partners.’”
April 28, 2021 (The Sault Star):
Wyloo Canada takes big stake in Noront
Wyloo Canada is taking a significant position in Noront Resources.
“The subsidiary of Wyloo Metals, an Australian-based minerals and mining company, purchased Noront interests previously controlled by Resource Capital Fund V L.P. And its affiliates, a release says.” Read more here…
May 1, 20201 (The Sault Star):
Noront stake will help decarbonization: WYLOO
Wyloo Canada is taking a long-term view with its significant ownership stake in Noront Resources.
“‘This investment reflects a long-term and collaborative strategy to support the discovery and development of the next generation of mines required to meet the growing demand of critical materials needed to power the decarbonization of the global economy,” said head of Wyloo Metals Luca Giacovazzi in a statement. “At the centre of our approach is a belief that by building strong businesses, we can create economic opportunities that enable communities to thrive. We look forward to forming a long-term working relationship with the Noront team and key stakeholders as we advance the assets over the coming years.'” Read more here…
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On April 22, Wyloo Canada purchased 96.3 million common shares of Noront, converting the company into a ‘cornerstone investor’ at 25% of Norton’s shares, and with plans to purchase another 1.8 million. Wyloo Canada is a subsidiary of Australian Wyloo Metals, which is a part of Tattarang, an Australian private investment group.
According to Alan Courts, CEO of Norton, “‘Wyloo makes long-term strategic investments in companies that mine responsibly, and that’s a philosophy that aligns very well with the approach Noront is taking as we develop the Ring of Fire in an environmentally responsible manner in collaboration with our First Nation partners.’”
April 28, 2021 (The Sault Star):
Wyloo Canada takes big stake in Noront
Wyloo Canada is taking a significant position in Noront Resources.
“The subsidiary of Wyloo Metals, an Australian-based minerals and mining company, purchased Noront interests previously controlled by Resource Capital Fund V L.P. And its affiliates, a release says.” Read more here…
May 1, 20201 (The Sault Star):
Noront stake will help decarbonization: WYLOO
Wyloo Canada is taking a long-term view with its significant ownership stake in Noront Resources.
“‘This investment reflects a long-term and collaborative strategy to support the discovery and development of the next generation of mines required to meet the growing demand of critical materials needed to power the decarbonization of the global economy,” said head of Wyloo Metals Luca Giacovazzi in a statement. “At the centre of our approach is a belief that by building strong businesses, we can create economic opportunities that enable communities to thrive. We look forward to forming a long-term working relationship with the Noront team and key stakeholders as we advance the assets over the coming years.'” Read more here…
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